Mr. Benoit La Salle reports

AYA GOLD & SILVER ACQUIRES STRATEGIC EXPLORATION PORTFOLIO IN MOROCCO

Aya Gold & Silver Inc. has acquired a strategic exploration portfolio comprising three mining licences and 18 exploration permits covering approximately 259 square kilometres of land across three distinct exploration projects, within highly prospective and underexplored mineral belts in Morocco.

The acquisition complements the company's existing asset base, further consolidating its exploration footprint in Morocco, including the regional area surrounding the Zgounder operation and beyond it. It strengthens the company's district-scale exploration strategy while expanding its exposure to precious, base and critical metal opportunities.

Project highlights

Portfolio acquisition: 259.1 square kilometres of prospective ground across three exploration projects:

• Zagora project: 158.6 square kilometres across 11 exploration permits, prospective for nickel-cobalt-lead-zinc-silver-gold mineralization;
• Agadir-Melloul project: 68.5 square kilometres across three mining licences and five exploration permits, prospective for copper-silver-gold and rare earth element mineralization;
• Goulmim project: 32.0 square kilometres across two exploration permits, prospective for lead-silver-copper-gold mineralization;
• Phased greenfield exploration program designed to rapidly assess discovery potential and prioritize targets for follow-up work.

"This acquisition reinforces Aya's first-mover advantage in Morocco and advances our strategy of building one of the largest exploration portfolios in the country.

"In 2026, we have expanded our land package from approximately 732 square kilometres to more than 991 square kilometres, representing an increase of 35.4 per cent. We continue to secure district-scale positions early, consolidate highly prospective mineral belts, and build a pipeline of exploration opportunities that have the potential to unlock future discoveries and support Aya's next phase of long-term growth," said Benoit La Salle, president and chief executive officer.

Portfolio overview

The portfolio comprises three mining licences and 18 exploration permits covering approximately 259 square kilometres across three distinct exploration projects with significant potential for mineralization and for further land consolidation. The following sections summarize the geology and exploration potential of each project area.

Zagora

Located 40 kilometres south of the Bou-Azzer inlier, the Zagora permit block comprises Lower and Upper Ordovician sedimentary rocks separated by an east-west to northeast-trending contact and crosscut by a northeast-trending Triassic dolerite dike. The geological setting presents potential for Ni, Co, Pb, Zn, Ag and Au mineralization, supported by field observations of pentlandite, galena, sphalerite, chalcopyrite and historical cobalt showing in the district. The land package consists of 11 research permits totalling an area of 158.6 square kilometres.

Agadir-Melloul

The Agadir-Melloul property consists of three mining licences and five research permits, covering 68.5 square kilometres separated into two distinct blocks. The northern block comprises Adoudounian dolomites overlain by the Taliwine formation, both covered by Lower Cambrian sedimentary rocks and limestones. The Adoudounian formation hosts significant Cu-Ag mineralization across the Anti-Atlas, including the Tizert deposit. The southern block comprises Paleoproterozoic felsic intrusions surrounded by schists and gneisses and crosscut by northeast- and east-west-trending mafic dikes. The felsic intrusions belong to an alumino-potassic magmatic suite described as Tazenakht-type, host rocks of the Acdif gold mineralization within the Zenaga inlier. The district present potential of sedimentary hosted copper mineralization, vein type Cu-Au-Ag as well as rare earth elements in the intrusive bodies.

Goulmim

The Goulmim project of 32 square kilometres in two contiguous research permits, located east of the Bas Draa inlier, comprises a Lower Ordovician sedimentary sequence in the central area, surrounded by Middle Cambrian volcanosedimentary rocks. The contact between these units is comparable with the geological framework of the Elios target at the Boumadine project and indicates potential for Pb, Ag, Cu and Au mineralization.

Next steps

Over the next 18 to 24 months, the company will engage with greenfield exploration to quickly access the potential for discoveries. It will be carrying some stream sediment geochemistry and a high-resolution hyperspectral study, as well as some mapping and prospecting. Results from this phase will inform the need for further work like geophysics and drilling.

Transaction

The portfolio was acquired for total consideration of 10 million Moroccan dirhams, consisting of cash and an assumption of debt. In addition, the sellers are entitled to milestone payments based on future resource and development milestones, and a 2-per-cent net smelter return royalty on future commercial production from the portfolio, which may be repurchased in whole or in part by the company under certain predetermined conditions. Certain customary postclosing administrative formalities in Morocco remain in progress.

Qualified persons

The scientific and technical information contained in this press release has been reviewed by David Lalonde, BSc, PGeo, vice-president, exploration, qualified person, for accuracy and compliance with National Instrument 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver is a Canadian precious metal mining company anchored in Morocco and active across the full mining value chain. The company has established an exploration record through a systematic, technology-led, data-driven approach, and is focused on expanding its resource base and land package along the Anti-Atlas fault -- one of Africa's most geologically rich, underexplored and mining-friendly regions.

Aya operates Zgounder, a rare, silver-only mine, producing silver dore from its new processing facility. Aya's growth pipeline includes the Boumadine polymetallic project, where feasibility study work is under way. The project hosts a sizable mineralized footprint and potential for further discovery.

Led by a proven team of mining professionals, Aya is guided by a vision of responsible mining, and is committed to delivering sustainable value for shareholders, employees and host communities.

We seek Safe Harbor.